Fri, January 10

Popular Candy M&Ms To Get Limited BAYC NFT Artwork

Only 10,000 of the NFT-branded candy gift boxes and jars will be available. The M&Ms Celebratory Gift Box is available for the price of $59.99 USD. According to the candy manufacturer, limited quantities of M&Ms will soon be available with Bored Ape Yacht Club NFT artwork. Mars and Universal Music

August 25, 2022 2 mins read

Major Crypto Exchange Plans to Develop ‘NFT Financialization’

Uniswap is in discussions with 7 NFT lending firms, to establish NFT financialization. The platform has recently acquired the NFT marketplace aggregator, Genie. The major cryptocurrency exchange platform, Uniswap is currently showing an interest in the NFT financialization. As per the recent tweet from Uniswap’s head of NFT product, Scott

August 25, 2022 2 mins read

On-chain Social App Chingari Launches Video NFT Marketplace ‘Creative Cuts’

Video content creators using the app may monetize their work by selling it on Creator Cuts. The owners of video NFTs will engage in the producers’ 10% daily portion of the GARI revenue. Today, Chingari, the world’s fastest-growing on-chain social app, announced the release of its groundbreaking new product: Creator

August 24, 2022 2 mins read

SudoRare NFT Marketplace Executes Rug Pull Hours After Launch

About $820,000 worth of ether and other cryptocurrencies were taken in the incident. The platform’s website and Twitter page vanished soon after the heist. Many users on Crypto Twitter expressed concern that SudoRare was a fraud, and now the exchange’s developers have apparently pulled the plug. About $820,000 worth of

August 23, 2022 1 min read

Nike Generates Astonishing $185M Earnings From NFT Sales

New projections show Nike’s (NYSE: NKE) total earnings from the sale of its non-fungible tokens (NFTs) at an astounding $185 million. Non-fungible tokens have emerged as a promising new income stream for consumer-focused firms and organizations. Some of the most well-known companies have recently entered the NFT industry, citing the

August 23, 2022 1 min read

Former OpenSea Employee Wants Insider Trading Case Dismissed

Chastain faces a maximum of 20 years in jail for each of the allegations. According to the DOJ, Chastain’s case was the first known instance. Attorneys for Nate Chastain, formerly of OpenSea and now terminated from the NFT marketplace on grounds of insider trading, have filed a request to have

August 23, 2022 1 min read

Telegram Proposes Auctioning Reserved Addresses as NFTs

About $3 million was made through the sale of 2,392,002 Toncoin. Toncoin may now be traded straight inside the app. It was suggested by Pavel Durov, CEO of Telegram, that the platform’s usernames and channel links be made available as NFTs. Durov proposed auctioning millions of reserved Telegram addresses on

August 23, 2022 1 min read

Lending Protocol BendDAO Under Pressure Over NFT Massacre

There are just 15 WETH in the contract at the time of writing. An estimated 15,000 ETH (Ethereum) remains to be paid to lenders. It has been discovered that the Wrapped Ether (wETH) contract used by the lending protocol BendDAO has exhausted its supply. There are just 15 WETH in

August 22, 2022 2 mins read

Bored Ape Yacht Club NFTs Witnesses Year Low Floor Price

Due to Ethereum’s price volatility, the BAYC floor price is now at $107,000. Since it hit a record high of 153.7 ETH on May 1, the price has been steadily dropping. Due to the ongoing NFT market downturn and broader crypto market crisis, the Ethereum floor price of the Bored

August 20, 2022 1 min read

Large NFT Initiatives Misled Consumers Over IP Rights

The report “A Survey of NFT Licenses: Facts & Fictions,” came out on Friday. Other programs that impose commercialization hurdles include Doodles. The opportunity to make money off of one’s avatar by making derivative works of art, merchandising, and more is a major selling factor for certain NFT initiatives. However,

August 20, 2022 2 mins read
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